Blue Sage Solutions announced a collaboration with Freddie Mac to integrate positive rental payment history into the mortgage approval process. This initiative aims to expand homeownership opportunities for long-term renters by recognizing consistent rent payments as a favorable factor in mortgage evaluations. Freddie Mac's Loan Product Advisor (LPA) recently incorporated positive rental payment history into its credit assessment for conventional loans.
Blue Sage's support of this LPA update allows originators to indicate a borrower's positive rental history in their Digital Lending Platform. This step addresses challenges many renters face, especially those with limited traditional credit history, and aligns with Freddie Mac's mission to expand access to credit without adversely affecting borrower profiles.
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